Washington Director Option Agreement
Description
How to fill out Director Option Agreement?
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FAQ
In the film industry, an option agreement is a contract that "rents" the rights to a source material to a potential film producer. It grants the film producer the exclusive option, literally, to purchase rights to the source material if they live up to the terms of the contract and make a film (or series) from it.
An option agreement (whether for life story or literary property) is an agreement whereby the purchaser (the Producer) pays a small amount of money so that the purchaser/producer may have the exclusive right to later purchase the movie rights associated with the life story or literary property.
An option contract is a promise to keep an offer open for another party to accept within a period of time. With an option contract, the offeror is not permitted to revoke the offer within the stated period of time. Most option contracts require consideration and other contract formalities in order to be enforceable.
An option is an agreement where author gives a producer/production company/screenwriter/someone the rights to try and get the movie ?set up.? There's a time period involved, usually a year with provisions for another year extension, and an amount paid to the author for each of those years. That's it.
An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writer's work. A ?shopping? agreement allows the producer to represent the work but gives the producer fewer rights than an option and typically lasts for a shorter period.
A screenplay option is an agreement between you and another party in which you grant them sole rights to your script during the period dictated in the agreement; this usually ranges from six months to a year (although some option agreements can be for as long as eighteen months or the time can be extended).
An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writer's work. A ?shopping? agreement allows the producer to represent the work but gives the producer fewer rights than an option and typically lasts for a shorter period.
An option agreement is a contractual agreement in which a producer buys the right to purchase a screenplay from a writer or other owner. Unlike the Rights Purchase Agreement, which is a flat-out purchase of a property, an option agreement is not actually the purchase of the right to use the screenplay.
